US Companies Wary of Possible ‘Trade War’ with China

China issues another threat at Trump and is ready to "take off the gloves." (Photo : Getty Images)

With the inauguration of Donald Trump just a few days away, U.S. companies have warned the incoming President against starting a trade war with China. They said that China will be prepared to retaliate if Trump were to implement excessive U.S. import tariffs.

According to the annual survey of members of the American Chamber of Commerce in China, the percentage of companies that rate China among their top three investment targets fell to 56 percent--the lowest in eight years.

But U.S. companies are going to do whatever they can to prevent the trade war. William Zarit, who chairs the American Chamber of Commerce, plans to send a group of business people to meet lawmakers and Trump administration officials next month.

It seems that the Chamber's sentiments reflect what is everyone's mind on China and Trump right now--worried over a possible trade war between two of the most powerful economies in the world which will affect the most of us.